Now even the IMF rejects Osborne's "position" on austerity

Our beloved Chancellor of the Exchequer has been braying for three years now about the need for rigorous, stringent austerity - incidentally, even in notoriously correct Germany, the parallel term is Sparsamkeit, "thrift" or "financial prudence", something seems to have got lost in the UK Tories' translation from the terms of Europe's leading economy - otherwise, he has always claimed, the UK would fall (further?) into international disrepute, lose all confidence, stagnate, go downhill, etc.

The IMF was his trump card. It could do his thinking for him ....

Now this same ultra-dry, free-market pillar has gone uncharacteristically out of its way to identify the UK as being on the wrong path, by cutting back excessively.


The IMF said the UK was "progressing slowly".

It suggested the Chancellor, George Osborne, should consider reining back his austerity plan.

The IMF's report said: "In the United Kingdom, the recovery is progressing slowly, notably in the context of weak external demand and ongoing fiscal consolidation."

It said economic weakness and a lack of willingness to lend were holding back the private sector.

The IMF rarely gives direct advice, preferring to give discreet prompts.

It said about the UK: "Greater near-term flexibility in the path of fiscal adjustment should be considered in the light of lacklustre private demand."

LINK: http://www.bbc.co.uk/news/business-22164028


So where does Osborne look to next for ideological support for his cuts without construction, and austerity without a strategy? He hasn't a leg, nor his ultimate political pillock, to stand on.

He can thank his stars that he's got Balls facing him. To balls up the opposition position, as usual. Blustering Incompetence vs. Incompetent Turpitude.

I almost thought I opened the Aussie politic thread by accident.

They're wrecking the long term health of our economy - no economists that I've read agree with the way he's doing things. Over half his party don't agree with the way he's doing things. He's a f*cking qunt.